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____ effectively reallocates a portion of an insurance company's return and risk to other insurance companies.
Times Interest Earned
A financial ratio that measures a company's ability to meet its debt obligations based on its current income, indicating financial health and stability.
Short-term Note Payable
A debt obligation due within a short period, typically less than one year, representing a written promise to pay a specified sum of money.
Merit Rating
An evaluation system that rates the performance or credit rating of an individual or entity.
FICA Taxes
Taxes collected in the United States under the Federal Insurance Contributions Act for both Social Security and Medicare funds.
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